Bookkeeping Fees in Hong Kong
Drowning in a sea of receipts and tax forms, or worse, facing the stern gaze of an auditor who’s just discovered your “creative” accounting methods? It doesn’t have to be this way. Many entrepreneurs are surprised to learn that professional bookkeeping services in Hong Kong can be obtained for as little as HK$740 per month. […]
6 Strategies to Maximize Hong Kong’s Foreign Sourced Income Exemption
Foreign sourced income, in the context of Hong Kong’s tax system, refers to income that is derived from sources outside of Hong Kong. To be considered foreign, the income must be generated from sources outside of Hong Kong, such as from business operations, investments, or employment in foreign countries, but also income from sales, services, […]
Top Financial Tips to Run a Successful Ecommerce Business
Ecommerce has one of the lowest barriers to entry to start operating in the business world. At Monx we take care of big and small companies, and today let’s zoom into the hustlers who want to run a successful ecommerce business now. But let’s be clear, business is business, and as small as your operations […]
What is Financial Management in Food Service? Top Financial Tips for Running an F&B Business in Hong Kong.
We have supported dozens of restaurants in Hong Kong, and are witness to the fact that successful financial management in the food service industry goes hand-in-hand with success. It’s not just about passion and creativity, a successful F&B business involves an incredible amount of dedication to cost control and management, F&B cost, budgeting and KPI […]
The Subtle Art of Valuation
Startup valuation is sometimes seen as an art more than a scientific effort. It can come with many variables and assumptions, but this activity is extremely important for startups to fully understand what their companies are worth, now and in the future, Startup valuation is an important starting point Valuation matters to entrepreneurs because it […]
Finance Your Business in China
Running out of cash can cause serious consequences to your company, such as losing business opportunities for not being able to execute contracts with clients, purchase raw materials, arrange delivery of goods within the agreed timeline, paying wages, custom duties, and taxes. However, financing your business in China can be slower and more difficult than […]
